Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Some people just focus on a home inspection and that’s not enough. Legalities, dues, and assessments.

12 Of the Most Common Repairs Needed After a Home Inspection

HomeLight

The home inspection : It’s that critical moment when the buyer anticipates that everything will be okay with the house — and it’s the time where sellers are biting their nails. Here are some of the most common repairs needed after a home inspection or a specialized home inspection.

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Can A Broker Avoid Its Duty To Physically Inspect The Property?

First Team Real Estate

The recent California Governor executive order and the continued practice of brokers require a refresher on the brokers’ duties of inspection so that brokers understand what they may or may not do. The post Can A Broker Avoid Its Duty To Physically Inspect The Property?

Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Inspections. Home inspections are the best way for a buyer to prevent getting a “lemon” house. Basic home inspections don’t cover everything , though. A home warranty is not equivalent to an inspection, but it does offer a little more security if certain things go wrong.

We Bought a House Sight Unseen—and It Turned Out To Be a Total Nightmare

Realtor.com

Go beyond standard due diligence. A home inspection is standard operating procedure for anyone buying a home, but a long-distance purchase should always go through rigorous vetting to make sure you’re not buying a money pit. Department of Housing and Urban Development.

Educate your real estate clients to make a connection that lasts

Easy Agent Pro

Budgeting, credit scores, how to prepare for the buying/selling process, down payment assistance programs, appraisals, inspections and VA/FHA loan information are just a few. Examples include contingencies, seasoned funds, due diligence, fixtures.

Building a House? A Simple Guide to the Home Building Process

Redfin

Parcels of land designated for new construction may be available in numerous locations, including underdeveloped suburban areas, rural areas, and as a part of subdivision development. Final Inspection: Once all features of a home have been built out, a final inspection is advised.

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Buying a House in Atlanta? Be Ready for Hot Summers and Hot Market

HomeLight

With this comprehensive guide, you’ll find out what problems are common in Atlanta homes (and why you’ll definitely want a termite inspection and termite bond) and what neighborhoods match your unique criteria for the best place to live so that you can buy a house you’ll love living in for years.

How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues.

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What to Do If You Think Your Home May Have Asbestos

RIS Media

If asbestos is damaged or disturbed and fibers are released into the air, people can inhale them and eventually develop mesothelioma, a form of cancer, or other medical conditions. Do Your Due Diligence. Before you buy a house, have it inspected.

Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

The Appraisal Institute , a global professional association of real estate appraisers, calls an appraisal “the act or process of developing an opinion of value.”. This due diligence protects the lender in case you default and they need to recover their costs.

What to Know About Selling a Home in a Retirement Community

Realty Biz

Occasionally this happens, especially when you’re moving from a single-family home into a condominium development that has a homeowners association with strict rules. Make sure you do your due diligence and don’t rush into something as vital as picking a real estate agent.

Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. If you’re ready to buy a house in Manhattan, congratulations!

How To Become A Real Estate Mogul or Multi-Millionaire?

Norada Real Estate

This is true whether you want to get wealthy via fix and flip, traditional real estate development, or a buy and hold strategy. Housing demand is certain to increase due to a strong local economy. Will you have to arrange annual inspections of multi-family housing?

Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

You’ll also have to think about securing the lender’s approval on the deal before you pay for an inspection and before your mortgage rate lock expires, in addition to other timeline management issues that your agent can help you understand.

Navigating the Slopes and Market in The New Silicon Valley: How to Buy a House in Salt Lake City

HomeLight

We also interviewed home remodeling and inspection specialists to help you avoid common pitfalls so you can learn how to navigate the market and buy a house in Salt Lake City. Why a good home inspection is so important.

Shingles Looking Worn? A Complete Cost Guide to Replacing Your Roof

HomeLight

When you confirm your roof needs replacement — either by its age, an inspection, or signs of wear and tear — don’t delay this project. High-pitched roofs can be as high as 21:12 (175%), and will be more expensive due to the added safety equipment and precautions. “If

How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

You’ll also need money for other costs that come with buying a home, from paying for a home inspection to covering the various fees you’ll be charged at closing. FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500.

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Miami Real Estate Market & Investment Overview 2020

Norada Real Estate

months is considered a balanced housing market but due to the ongoing crisis, the demand somehow meets the current supply. The entire South Florida housing market — and Miami in particular — saw a decline in sales over the past few months due to the COVID-19 pandemic.